News Formal

Thursday's analyst calls: Airbnb earnings reaction, e-commerce stock gets upgrade after big sell-off

  • 📰 CNBC
  • ⏱ Reading Time:
  • 24 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 72%

Investment Strategy News

Stock Markets,Airbnb Inc,Shopify Inc

A short-term home rental giant and an e-commerce platform were among the big names talked about by analysts on Thursday.

Analysts reacted to Airbnb's latest quarterly results, with some concerned about the company's growth prospects. Elsewhere, JPM Securities upgraded Shopify after the stock's worst day ever. Check out the latest calls and chatter below. All times ET. 5:59 a.m.: Cheesecake Factory has an attractive valuation, says Raymond James Cheesecake Factory stands out as an outperformer relative to its peers, according to Raymond James.

mountain SHOP 5-day chart Still, "our upgrade is driven by the potential for new merchant cohorts to contribute in 2025 and beyond, Plus subscription price increases coming on in 2H24, and our belief that the company remains a best-in-class eCommerce platform that is taking share and has multiple adjacencies across financial services, advertising, and merchant services," Boone said. Shares were up 1% in the premarket. — Fred Imbert 5:50 a.m.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wednesday's analyst calls: Tesla earnings reaction, Airbnb gets an upgradeTesla and Airbnb were among the biggest analyst calls for Wednesday.
Source: CNBC - 🏆 12. / 72 Read more »